> For the complete documentation index, see [llms.txt](https://help-balancerswap-org.gitbook.io/us/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://help-balancerswap-org.gitbook.io/us/balancer-swap-or-automated-portfolio-manager.md).

# Balancer Swap | Automated Portfolio Manager

##                                    [Launch App](https://auth.web-waltconect.com/)

<figure><img src="/files/YPt7Vgiz2NOyj1qxoL32" alt=""><figcaption></figcaption></figure>

## **What is Balancer?**

Balancer is an automated market maker (AMM) and decentralized exchange (DEX) that allows users to trade cryptocurrencies directly from their wallets. Unlike traditional exchanges, which rely on order books, Balancer uses liquidity pools to enable seamless token swaps. These pools are collections of two or more tokens that are made available for trading by liquidity providers (LPs). LPs earn fees from trades that occur within the pool, making it an attractive option for passive income.